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Peter Chen

Covariant Raises $40 Million in Series B Funding to Bring AI Robotics to New Industries

Covariant, a leading AI Robotics company, today announced that it has raised $40 million in Series B funding, bringing its total funding to $67 million. The round was led by Index Ventures, along with AI-focused Radical Ventures and participation from existing investor Amplify Partners and others. Covariant will use the funding to accelerate its partnerships, introduce AI Robotics to new industries, and grow its research, engineering and commercial teams. From food distribution to healthcare to e-commerce, the global…